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1NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Nano Dimension is a Developer & Provider of Intelligent Machines andConsumable Conductive & Dielectric Materials (Inks) for the Fabrication ofAdditively Manufactured Electronics (AME), a/k/a Printed Electronics (PE)
April 2020Nasdaq/TASE: NNDMwww.nano-di.com
1- What is ‘Nano Dimension’2- Where do I come from with 13- Business Model and Financial Data4- Market Size, Supply-Chains-Trends
5- Product Positioning/Competitive Edges6- Channels, Vertical Markets7- Summary - Value Proposition8- Customers’ Original Testimonials
9- Growth Plans/Use of Proceeds/Corona Effects’ Mitigation10- Deal Structure, Cap Table11- Summary
2NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Forward Looking StatementsThis presentation of Nano Dimension Ltd. (the “Company”) contains “forward-looking statements” within the meaning of the Private SecuritiesLitigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” andsimilar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discuss the potential of its products, strategic growth plan, the size of its addressable market, market growth, andexpected recurring revenue growth. Forward-looking statements are not historical facts, and are based upon management’s currentexpectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections areexpressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, andactual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements aresubject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-lookingstatements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reportsfiled from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’sannual report for the year ended December 31, 2019, filed with the SEC. Forward-looking statements speak only as of the date the statementsare made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events orcircumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required byapplicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that theCompany will make additional updates with respect thereto or with respect to other forward-looking statements.
Printed Electronics (“PE”) , orAdditively Manufactures Electronics (“AME”)
Nano Dimension
3NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
AME Machines and Consumable Materials (Polymers & Silver)High Performance Electronic Devices: Hi-PEDshttps://www.youtube.com/watch?v=UFaWb0aUjPk&list=PLW7Y0iWnWhTShewSmy657p-0GnD2lotVr
• Growth Play, Protected & Proven Technology
• First-to-Market advantage
• The Only Digital Machine: Fully Multi Layered PCBs>>>>>>
• Industry leader: Awards & grants
• Blue chip customers: 57 systems sold (2018-19)
• Increasing Recurring Revenue of proprietary ‘Inks’• The 3 main usages:
• Shortening Prototyping cycle - Hi-PEDs in house.
• Unique device solutions, miniaturized, lower weight.
• Fabricated in High Mix/Low Volumes only by 3D-printing.
AME-3D-PrintersNano-Particles-
-Inks
4NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
A Rapidly Growing Market for High Performance Electronic Devices (Hi-PEDs) High Performance Electronic Devices (Hi-PEDs) are integral enablers of:
INDUSTRY VERTICALS• Defense• Aerospace• Intelligent drones • Autonomous Automotive
Development• Robotics• Commercial & civil aircrafts• ‘In vivo’ medical devices
RESEARCH INSTITUTES• Academic institutions and
universities• Research & innovation centers• Government Agencies“Recovery” Budget are already
announced
ADDITIVE SERVICES• Additive Service Bureaus • PCB Service Bureaus • In-house Print Services• NaNoS (Nano Services)
5NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
5NASDAQ / TASE : NNDM
www.nano-di.com | © 2019 Nano Dimension. All rights reserved.
Nano Dimension’s SolutionsAME/PE Machines (controlled by AI algorithms) produce electronic devices by simultaneous 3D-injection of polymer dielectric and silver conductive materials to fabricate, within hours: High Performance Electronic Devices: Hi-PEDs
Including sensors, antennas, capacitors, convertors, unique geometries & complex devices
We develop and produce Proprietary Consumable Chemical Inks to be used by the AME machines
All are mission critical and economical for our customers
Razor-RazorbladeBusiness Model
6NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
BUSINESS MODEL: Recurring Revenue Model that Scales Razor-Razorblade Model:As the installed base of systemsgrows, the recurring revenuesfrom consumables increases.
Positive trend of increased inkconsumption by customers is avalidation to our recurring-revenue business model.
Printed Electronics (“PE” or “AME”):Consumable Materials:
Recurring & High GM Revenue
2018/1Q 2018/2Q 2018/3Q 2018/4Q 2019/1Q 2019/2Q 2019/3Q 2019/4Q 2020/1Q
Consumable Revenue Growth
7NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
NASDAQ / (TASE*):NNDMADS ratio: 1:50
ADS Outstanding: ~8.2M ADS*
Nano Dimension: Financial Data
* As of April 5th, 2020
* $70M invested mostly in R&D, over 5 years* Cash, March 31st, 2020: $4.5M* Debt: $0
• Revenue growth of ~39% in 2019 compared to previous year
• Significant trend of Gross Margin improvements
* On May 20, 2020, the Company will voluntarily delist its Ordinary Shares from the TASE. The Company's ADSs will continue to trade on Nasdaq
0
2000000
4000000
6000000
8000000
2017 2018 2019
$800,000
$5,100,000 $7,070,000
Year-Over-Year Growth
8NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
New US Management for Nano Dimension • Yoav Stern – Incoming President & CEO (Joined January 2020) Investor and Chairman Cyber, Fintech and Mobile/Visual Tech
(USA). President & CEO DVTEL Inc. (Sold to FLIR Systems) (NJ, London, Tel Aviv, New Delhi, Adelaide, Singapore, Hong Kong,Taiwan). A turn-around executive in the Homeland Security Industry. Co-Chairman Bogen Corporation (New Jersey,Memphis, Florida, Germany), one of its main investors and a member of its Executive Committee, Audit Committee andCompensation Committee. Managing Partner Helix Capital LLC, (San Francisco, New York), private M&A and Turn-AroundAdvisory Firm. Executive Chairman of the Board Kellstrom Industries Inc. (Florida), A $300M aerospace corporation.President of WordStar International, Inc. (San Francisco), a $50M publicly traded software company. Mr. Stern led thecompany’s turnaround process and structured the business combination of WordStar with two other public companies,similar sizes. He was VP M&A & Business Development Elron Electronic (Nasdaq: ELRNF) a multinational industrialinvestment holding company with annual revenues in excess of $1.5 billion. Elron invested in companies active inthe fields of Advanced defense electronics; Data communications; Internet-software products; Semiconductors equipment;Telecommunications.
Mr. Stern is a Graduate of NYU, B.Sc. Degree, Magna Cum Laude in Mathematics and Computer Science, EngineeringDiploma in Mechanics & Automation Magna Cum Laude. Graduate of the Air Force Academy. Air Force Service: Lt.Colonel (Ret.), Fighter Pilot, D. Squadron Commander, F-15.
9NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Management – Industry Background
• Ofir Baharav – Chairman. (Joined 2017) A Leader of HW and SW companies in Semiconductors, 3D Printing, PC Security, HealthcareInformatics and Digital Print. Lived and conducted business in Shanghai. Partner Stratus Venture Group, VP Product PortfolioStratasys, Founder And CEO, Xjet Ltd. EVP Products Credence Systems Corporation (NASDAQ CMOS), President,Optonics and SVP GM Diagnostics & Characterization Division (DCG) Credence. MBA - Warwick Business School, UK. Namedon over 10 patents (SW and HW architectures).
• Dr. Jaim Nulman – EVP Products & CTO. (Joined 2018) VP of Applied Materials, where he commercialized the Endura PVDsystem, the most successful semiconductor manufacturing product reaching market share from 0 to over 60% and a $1B inrevenue in less than 5 years, with one of the highest gross margins in the company. While at Applied he also represented thecompany on the board of directors of some of the companies in which Applied invested as well as developed productcommercialization methods that reduce the cost and time to market. Dr. Nulman served as research associate at theSubmicron center at Cornell University where he pioneered rapid thermal processes for the semiconductor industry. He wasan invited Lecturer at NATO Advanced Studies Institute and the University of Berkeley Extension. Dr. Nulman has publishedover 100 publications, and over 50 patents. He is an MSc and PhD from Cornell University all in electrical engineering, andan Executive MBA from Stanford University.
10NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
• Amit Dror – CCSO, Co-Founder. (Founded 2013) ECI Telecom Ltd., Comverse Technology, Inc., Eternegy Ltd.
• Dr. Shlomit Chappel Ram – VP R&D. (Joined 2019) Physical Chemist, Post Doctoral in Chemistry and Biochemistry, and an MBA.Head of R&D in Medinol, developing in vivo medical equipment.
• Yael Sandler – CFO. (Joined 2015) Certified Public Accountant in Israel with a B.A. with honors in Accounting and Economics fromthe Hebrew University of Jerusalem and an M.B.T with honors from the College of Management in Israel. She held variouspositions at KPMG.
• Gilad Reshef - VP Sales. (Joined 2017) Served as the CEO and Co-founder of Made in Sense, a Hong Kong company focused ondesign and development of intelligent wearable devices. DSP Group.
Management – Industry Background
11NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Nano Dimension: First Mover, Advantage and Timing
Analysts predict 3D printed electronics will be the next high-growth application for product innovation:
2017 3D printed electronics market size is estimated at $176 million, expected to reach $592 million in 2021 and up to $2.4 billion by 2025*
* Source: DataM Intelligence, 2018
0
500
1000
1500
2000
2500
3000
2017 2021 2025
3D Printed Electronics Market: Growth Forecast*(USD Millions)
12NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
“Even as China comes back online, we are beginning to wonder if Covid-19 will impact other supply-oriented geographies…While China is improving, the supply chain for the electronics industry may yet see substantial disruptions…. Mass assembly is only one part of Apple’s supply chain. The company and its many partners spend months or years sourcing individual components that are assembled into final products. Any disruptions in this complex network could slow the introduction of future devices.” (Bloomberg)1
Post Corona World : Moving Supply Chain ‘In House’
Sources: 1) Gurman, Mark, and Debbu Wu. “Https://Www.bloomberg.com/Amp/News/Articles/2020-03-19/Apple-s-Supply-Chain-Woes-Linger-Even-as-China-Recovers .” Bloomberg.com, Bloomberg, 19 Mar. 2020, www.bloomberg.com/amp/news/articles/2020-03-19/apple-s-supply-chain-woes-linger-even-as-china-recovers
13NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Post Corona World: Moving Supply Chain ‘In House’• "The global supply chain right now is disrupted; we are seeing disruptions across the board... the high-tech industry is heavily reliant on
China and parts of Asia." (Bloomberg)²
• “ ...heat from the Trump administration’s 25% tariffs on many machinery parts from China, as well as rising political tide in America to bring industrial production of things such as electronic circuit boards closer to home…. Now with the coronavirus, he said, “there will be changes.” (LA Times)3
• A recent BofA survey…wide…remapping of supply chains. 3,000 firms…in 10 out of 12 global industries, including semiconductors, autos and medical equipment…shift, at least part of their supply chains from current locations….
• Masterwork contracts with about 100 factories in China. Before the virus outbreak, the company could place an order and have it confirmed in two to four days. Last month…it was taking two to three weeks — couldn’t say when the products would be shipped.
• “…industries will probably accelerate moves to localize supply chains, so they’re more closely tied to final markets as opposed to extending them farther out.”(LA Times)3
Sources: 2) Chang, Emily. “Supply Chain Expert on Coronavirus Impact.” Bloomberg, 17 Mar. 2020, www.bloomberg.com/news/videos/2020-03-17/supply-chain-expert-on-coronavirus-impact-video . Accessed 25 Mar. 2020.
3) Lee, Don. “As Coronavirus Cripples Global Supply Lines, More U.S. Firms Looking to Leave China.” Los Angeles Times, Los Angeles Times, 4 Mar. 2020, www.latimes.com/politics/story/2020-03-04/spreading-coronavirus-tears-apart-global-supply-chains.
14NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
A Rapidly Growing Market for High Performance Electronic Devices (Hi-PEDs) High Performance Electronic Devices (Hi-PEDs) are integral enablers of:
INDUSTRY VERTICALS• Defense• Aerospace• Intelligent drones • Autonomous Automotive
Development• Robotics• Commercial & civil aircrafts• ‘In vivo’ medical devices
RESEARCH INSTITUTES• Academic institutions and
universities• Research & innovation centers• Government Agencies“Recovery” Budget are already
announced
ADDITIVE SERVICES• Additive Service Bureaus • PCB Service Bureaus • In-house Print Services• NaNoS (Nano Services)
15NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Shortening Supply Chain Trend: Business is Here! April 16th, 2020 High Performance Electronic Devices (Hi-PEDs)
ADDITIVE SERVICES• Additive Service Bureaus • PCB Service Bureaus • In-house Print Services• NaNoS (Nano Services)
April 16th, 8AM:Order:Breathing-Ventilator electronics:April 16th, 23:45:5 Prototypes, all Working, fully functional.
All Boards are being installed in the new machines, as we speak
Real Time - Prototyping – Early Production:
16NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved. 16NASDAQ / TASE : NNDMwww.nano-di.com | © 2019 Nano Dimension. All rights reserved.
Hi-PEDs Necessitate• Fast time-to-market • IP safety (in-house rapid prototyping
and production)• Iteractive development• Device performance gains• Control of fabrication facilities (Defense
& Homeland Security Industries)
Yet, Hi-PEDs are produced in lower quantities • Just hundreds or thousands of Hi-PEDS,
rather than hundreds of thousands of PCBs (Printed Circuit Boards) and millions of ICs (Integrated Circuits)
High Mix <> Low Volumes + Customization +Digital Manufacturing >> Industry 4.0
17NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Economic Models of Present Fabrication Technologies Fail to Meet Market Needs
Integrated Circuit (“IC”, “Chips”) Fabrication renders high performance devices but at an extreme & often prohibitive cost; development cycle that is too long for today’s needs
Printed Circuit Boards (“PCB”) Fabrication renders lower cost than IC but also lower performance devices that often fail to meet today’s needs for high performance electronic devices.
IP security is compromised: IC and PCB fabs are too expensive to own in house
Short product life cycles >> shorter development iterations >> rapid prototyping (hours instead of weeks)
Rapid ‘fail proof’ transition from prototyping to low volume production (10s-1,000s)
IC and PCB fabrication technologies fail to meet today’s primary needs:
Quantities in millions areneeded in order to justify theinvestments in R&D andexpensive-capital-equipmentfor manufacturing.
Costly to develop through prototyping,expensive infrastructure for fabrication. Quantities in dozens-to-hundreds thousands to justify the investments in design & prototyping, & manufacturing infrastructure.
18NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Traditional Printed Circuit Boards (PCB)
Traditional Integrated
Circuits (IC, Chips, CPU, ASICs)
The Challenge: Bridging The Gap
18NASDAQ / TASE : NNDM
Additively Manufactured Electronics (AME)Nano Dimension’s AME Machines & Inks:Design > Proof of Concepts > Prototype & Early Fabricationof Integrated-PCB (Additively Manufactured Circuit Boards)
19NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
DragonFly LDM™ System – Introduced during Q3/2019
• The only Prototyping & Fabrication Machine• 24/7, 3D-printing of electronic circuitry (AME)• Cost effective for small-medium size quantities
30+PATENT
APPLICATIONS
DragonFly Lights-Out Digital Manufacturing (LDM) Machines using 3D printing technology
New, proprietary, state-of-the-art technology
Low-volume/high mix manufacturing
24/7, increased uptime & improved yield
Higher MTBF
New automatic printhead self-cleaning system
+40% printing time over DragonFly Pro
Significant Trend of Gross Margin Improvements
Pricing: DragonFly Pro (2018-2019): $250,000DragonFly LDM (2020): $350,000DragonFly LDM II (2021): …………….
20NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
2019 vs. 2018 Sales Breakdown - Industry & Region
Defense30%
Health6%
Tech/PCB7%
Research/Univ.17%
Resellers40%
2018
In number of systems
2019
Defense41%
Tech/PCB18%
Research/Univ.26%
Resellers15%
US53%APAC
27%
EMEA20%
30 systems sold in 2018
US52%
APAC15%
EMEA33%
27 systems sold in 2019
Diverse Customer Base across Industries and Geographies
21NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Evolution of Nano Dimension
Basic Testing2013-17
DragonFly™
Early Adopters2018-2019
DragonFly™ Pro
Fast Prototyping & LowVolume Production
Q3/2019& Since Then:
45% of Customers upgraded
Pro>>>LDM ($35K-$55K)
45% in Process
DragonFly™ LDM
Materials & Process
Functional Unique Electronics
Additive Manufacturing of Electronics=
Integrated Technology of Materials + Process
controlled by A.I. software &
Enabled by Hardware
“The Secret Sauce”Competitive Edge; Barriers to Entry
The Hardware is an Enabling Platform
22NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Compelling Value Proposition
30+PATENT
APPLICATIONS
TIMEReduces development cycles times. Enables on-site prototyping in a matter of hours instead of weeks, even for complex designs.
COSTEliminates need for large order minimums. Enables ability to discover design errors in early development stage with agile rapid prototyping.
ENVIRONMENTALLimits environmental impact through optimized design, size, weight. Reduces waste with additive manufacturing capabilities.
COMPLEX GEOMETRIES
CONFIDENTIALITY
Enables retention of sensitive IP in-house during development.Eliminates concerns and costs related to IP infringement.
COMPONENT CONSOLIDATIONMulti-material additive manufacturing enables functional, compact, denser, non-planar electronics parts.
Enables increased design capabilities & manufacturability of components. Added agility enables designing, testing and iterating in real time, on site.
23NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved. 23NASDAQ / TASE : NNDMwww.nano-di.com | © 2019 Nano Dimension. All rights reserved.
• Harris Corporation & Space Florida (2019)Defense Contractor; https://www.harris.com/*
• Hensoldt AG, Germany ($1.3B Defense & Aerospace Contractor; www.hensoldt.ne *
• IIT, Search Results Istituto Italiano di Tecnologia (2019)$; https://www.iit.it/ *
*Links to third party website in this presentation are being provided as a convenience and for informational purposes only; they donot constitute an endorsement or an approval by Nano Dimension Ltd. of any of the products, services or opinions of thecorporation or organization or individual. Nano Dimension Ltd. bears no responsibility for the accuracy, legality or content of theexternal site or for that of subsequent Links.
24NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Case Study: Harris Corporation: RF Amplifier to Space
“Results showed similar RF performance between the 3D printed version and the baseline amplifier, clearly demonstrating the viability of 3D printed electronics for RF circuitry.”
Dr. Arthur Paolella, Senior scientist, Space & Intelligence Systems, Harris Corporation
Joint project for space systems communication satellites: 3D printed RF antenna designed to operate at 5.2 GHz and an RF amplifier with operation up to 6 GHz.
* https://www.harris.com/impact/2018/11/harris-to-test-3-d-printed-rf-systems-in-space
Received a 2nd grant approval from the Israel Innovation Authority, in cooperation with Harris Corporation, for developing hardware that will fly on the International Space Station (ISS) and communicate with Harris’ ground-based satellite tracking station.
**Trademarks are the property of their respective owners
25NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved. *Trademarks are the property of their respective owners
26NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved. *Trademarks are the property of their respective owners
27NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved. *Trademarks are the property of their respective owners
28NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Printed by CUSTOMER Q
Printed by CUSTOMER Q
Printed by CUSTOMER Q
Printed by CUSTOMER Q
Printed by CUSTOMER QSpecial Designs,UniqueDevices
Application of 3D PCB printing beyond traditional electronics
*Trademarks are the property of their respective owners
29NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
@U
niLe
MEMS and wearable technologies at CBN and
DragonFly enabled solutions
Massimo De Vittorio & Antonio QualtieriIstituto Italiano di Tecnologia
Center for Biomolecular Nanotechnologies Università del Salento, Lecce (Italy)
30NASDAQ / TASE : NNDM
@U
niLe
CBN Backend Laboratory and the NanoDimension Dragonfly
31NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
@U
niLe MONITORING BIOMETRICS AND PHYSIOLOGY
NEXT GENERATION BODY
SENSORS:
• COMPLIANCE
• BIOCOMPATIBILITY
• LOW INTRUSIVENESS
• LOW ENERGY
• TRANSDUCTION
• MECHANICAL
• BIOCHEMICAL
• ELECTROMAGNETIC
• OPTICAL
• ELECTRICAL
32NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
@U
niLe
ELECTRONIC TATOOS
SMART PATCHES
Piezoelectric Wearable biosensors
33NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
UniLe@
@U
niLe
Data management
Piezoelectric technologies for the body
CLOSED LOOP
Body Sensing DIRECTPIEZOELECTRIC EFFECT
Body controlINVERSE PIEZOELECTRIC
EFFECTBody energy harvesting
34NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
@U
niLeOld Crimping Techniques for Energy Harvesters
Crimpflex® pins
Z-axis conductive tape on PCB board
ofLoss electrical connectiondue to cracksaround theconnectors
Loss of electrical contact dueto poor adhesion betweentape and device PADs
35NASDAQ / TASE : NNDM
@U
niLe Old Assembling and Packaging Design
A first prototype of packaging designed and fabricated by 3D CAD and 3D Printer made of UV resin
36NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
@U
niLe New Packaging Design by Dragonfly®
Part 1: base plate 400 μm(conductive and dielectricinks)
Part 2: sticking of the IIT energy harvester
Part 3: encapsulation with dielectric ink 400 μm
Final result:- Compact- Thin- Reliable
37NASDAQ / TASE : NNDM
@U
niLe
Customized PCBs with integrated piezoelectric sensor
… and integrable into PCBs
38NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
@U
niLe
Mastronardi et al. APL 2015. Calcagnile et al. RSC Advances 2017
Carotid Smart patchesfor monitoring cardiovascular parameters, dysphagia …
Physical sensors: Flexible wearable/tattooable/edible sensors
39NASDAQ / TASE : NNDM
@U
niLe All-in-one step package on flexible substrate
40NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
@U
niLe DRAGONFLY for Packaging of Unconventional Silicon Dies
EMBEDDING FLOW SENSORS IN SEALED PACKAGE
AND IN PCBBOARDS
41NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
UniLe@
The most compliant piezoelectric transducers for health and energy
Parylene - C
Piezoelectric Aluminum Nitride
Top and Bottom Electrodes
Polyimide
Parylene - C
www.piezoskin.com
42NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
NASDAQ: NNDM
Nano’sGrowthPlan
43NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
There is an Elephant in the Room:
i. Tackle: March – April / 2020
ii. Mitigate: April – September / 2020
iii. Leverage: June – December / 2020
iv. Growth: Q4/2020 – 2021
Plan for 2020: Riding the Elephant
44NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
i. Tackle: February – March / 2020 – DONE*
- Reduced salary cost: ~30%: $(2,000,000) annually*
- Reduced non-salary cost: ~20%: $(1,000,000) annually*
- Total cost reduction: $(3,000,000) annually*
- All teams, internationally, are expected to stay and work at full time, as much as allowed by government decrees.
- Increase Stock Options to Employees.
Plan for Q1/2020: Tackle
Product RoadMap & Customer Care:
Not affected
*All or part of those reductions may be decreased or increased in the following months based on Corona effects or aftereffects and the cash situation of the company.
45NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
ii. Mitigate: March – September 2020:A- Expand NaNoS (Printing Electronic Design Services) - until Corporations’ Capex are ‘released’.
Build USA Sales Force & GTM & NaNoS Fabrication Facility (DragonFly Machines) - DoneB- Continue Product Development and Road Map advancement (Materials’ Spec Improvements)C- Engineering and Development of DragonFly LDM II (Reduce COGS, Improve User Design Software) D- Build the Machines’ pipeline with selected market segments picked through market researchE- Expand Machines’ business in China, Korea, Japan & AustraliaF- Promote Material/Consumables sales to existing customers that are working with Machines
iii. Leverage: June – December 2020: Leverage Trends: Shortening the Supply Chains
Build Pipeline for USA and EMEA Machine & Materials Sales Business Expand A Expand D Expand E Product Development: B+C
Plan for Q2-Q3-Q4/2020: Mitigate & Leverage
Product RoadMap is Advancing
& Customer Care Not Affected
Product RoadMap is Advancing& RevenueIs Growing
46NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Footprint As of January 2020
Resellers – continued
Nano Dimension’s New HQ
iv. Growth:Q4/2020 – 2021Continue Growth Plan
Plan for 2020-21: Growth * Continue Product Engineering improvements to fit production scale machines* Continue chemicals development for special Hi-PEDs, i.e. flexible devices and materials per customers’ specs
* Go-To-Market Strategy & NewMarketing Methodologies: Implemented* Build Sales Network Worldwide & Increase Gross Margins* NaNoS (Services)
• Commissions adjustments• Gross Margin Up• Revolutionize
• Customer Care• Customer Training• Market “education”
Resellers – Replaced by Agents, Direct Sales & ‘Customer Care’ Force (other than 2-4 in EMEA and APAC)
Customers
Nano’s Local Operations
1st priority
2nd priority
3rd priority
On-goingDevelopment
47NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Capitalization Table
(1) Employees, officers, directors and consultants
Securities Outstanding as of April 1, 2020
Outstanding ADSs 8,162,537
Treasury ADSs 10,541
Options1 (WAEP: $14) 587,478
Warrants (WAEP: $6.23) 2,982,793
Total 11,743,349
February 2020: Raised $3.9M of ADSs & converted all debt to equity
48NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved.
Key Highlights: Growth company with significant technology and first mover advantage.
Successfully transitioned from an R&D company to commercial sales.
Rapidly increasing customer base and establishing global presence.
Recognized by industry leaders, won prestigious awards and national grants.
57 systems sold in 2018-2019, and Increasing recurring revenue of proprietary inks
The 2 main usages:
• Shortening prototyping time while creating multi-layer Hi-PEDs in house.
• R&D of unique device solutions, miniaturized, lower weight which can be
fabricated in High Mix/Low Volume almost only by 3D-printing.
Continuing innovation developments, introducing revolutionary solutions.
www.nano-di.com | © 2019 Nano Dimension. All rights reserved.
49NASDAQ / TASE : NNDMwww.nano-di.com | © 2020 Nano Dimension. All rights reserved. Nano Dimension® Copyright © 2020 Nano Dimension Ltd. Nano Dimension, DragonFly, AgCite and the DragonFly logo are trademarks of Nano Dimension. Printed April 2020 DragonFly™
NASDAQ: NNDM
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